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are acting as if tim geithner had the final say on all of this. they keep bringing up the $50,000 he owed in taxes is are redundant and old. was talk about some of the things he did right. it is so negative it. that is what is bringing this country down more than anything is the constant negative attitude. host: charleston, west virginia, republican line. caller: good morning. how are you? mr. geiger's legacy is that he was part of a team who came into office when this country was heading toward a fiscal chasm, an abyss, not just a cliff. he and his team pushed the gas pedal to the floor. i had a real opportunity to do something positive in this country and allow people to keep more of what they earn at. they did exactly the opposite. i cannot believe that these people who are doing this to our country are so stupid. they just do not know any better. i think they know exactly what they are doing. at least 51% of the american people voted not once, but twice to keep that gas pedal pushed firmly to the floor so that we go directly over the chasm and
are acting as if tim geithner had the final say on all of this. they keep bringing up the $50,000 he owed in taxes is are redundant and old. was talk about some of the things he did right. it is so negative it. that is what is bringing this country down more than anything is the constant negative attitude. host: charleston, west virginia, republican line. caller: good morning. how are you? mr. geiger's legacy is that he was part of a team who came into office when this country was heading...
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tim geithner's legacy, he's going to be remembered the architect of too bid big to fail. he had the opportunity to go in and correct a lot of problems, restore fiscal honesty and transparency in the system and instead, they papered over the problem and threw a lot of money at corrupt failing institutions and they created these sort of monsters that now we have to publicly back even when they're laundering money for terrorists and drug dealers. >> you write an article like this, it give s youstrange bedfellows and puts you into bed with a lot of conservatives who say we shouldn't have had the bailout. >> i believe it should have been done differently with conditions. it should have been done in a way that encouraged rans parency instead of papering over problems. but i do believe this is an inherently conservative issue. i think there should be some linkage between liberals and conservatives because it's not partisan issue at all. >> it's a good read. matt's article called "secrets and lies of the bailout," a contributing editor with rolling stone. coming up, this hi-tech
tim geithner's legacy, he's going to be remembered the architect of too bid big to fail. he had the opportunity to go in and correct a lot of problems, restore fiscal honesty and transparency in the system and instead, they papered over the problem and threw a lot of money at corrupt failing institutions and they created these sort of monsters that now we have to publicly back even when they're laundering money for terrorists and drug dealers. >> you write an article like this, it give s...
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol, to help convince limb it stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families. in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class and offer working folks new pathways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. so i understand that tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. this is bitter sweet, not only because tim is leaving. but also because jack's been my chief of staff for the last yea
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol, to help convince limb it stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families. in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle...
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all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to worry about seeing jack lew's wacky signature on our money. they're saying he doesn't have to worry about changing the signature to it looks good on the money because he, jack lew, will never be the guy who has to actually sign the money. he will never be treasury secretary. potico.com today to be, quote, scoffing at the notion of jack lew as treasury secretary. mitch mcconnell is said to have been irked by mr. lew in the past. republican senator from nebraska, mike johanns called lew a controversial pick. the reasonable he is controversial is, quote, i think there are nick policies i
all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to...
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago -- [ laughter ] >> i had to personally get on my knees with carol to help convince him to stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is while a lot of work remains, especially to rebuild a strong middle class and offer working folks new pathways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot credit for that. so i understand that tim is ready for a break. obviously we're sad to see him go. but i cannot think of a better person to continue tim's work at treasury than jack lew. now this is bittersweet not only because tim's leaving, but also because jack's been my chief of staff for
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago -- [ laughter ] >> i had to personally get on my knees with carol to help convince him to stay on a little bit longer. and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is while a lot of work remains, especially to rebuild...
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fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old is not a veteran of wall street, not an economist. he is a lawyer, and, of course cannot politician. he began his career on capitol hill eventually becoming an adviser to former house speaker tip o'neill. his first foray into the world of money became in the boston office of management and budget. it was there president clinton, when the film brought into the national omb. he returned under president obama in 2010. look, a very different bio compared to geithner who came from a prominent role as president of the new york federal reserve which is a big deal. a major player during the financial crisis, and struggle to the bailout plan, no matter what you think of it. he was in the middle of things. the sign the president feels as treasury secretary will not be focusing on wall street, but, instead, will be smack dab in the middle of more drama in battles with congress. why else would
fox news sources say that announcement to replace tim geithner could come by the end of the week. all but a done deal. but what experiences he had that would make him right for the job? the 57-year-old is not a veteran of wall street, not an economist. he is a lawyer, and, of course cannot politician. he began his career on capitol hill eventually becoming an adviser to former house speaker tip o'neill. his first foray into the world of money became in the boston office of management and...
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in tim geithner's america. as he prepares to exit the big question that hangs over the entire legacy of the obama r. oeg administration, is that a good thing? joining me is vice president at merryll lynch and deutsche bank and now a wall street activist. and a former special inspector general in charge of overseeing the troubled asset relief program. great to you have here. >> thank you. >> geithner, one of the things i think is really interesting about geithner is that he -- you would not, if you were in the betting market at the beginning of the obama first term, wount stha guy is going to be the guy who makes economic policy, this guy is going to be influential and go in the history books as one of america's most influential and important for better or ill treasury secretaries because he got a really bad start to the job. he stumbled out of the gate. he gave press conference that's were panned. he was not particularly close to barack obama. yet he managed to have by all accounts across the spectrum, tremendo
in tim geithner's america. as he prepares to exit the big question that hangs over the entire legacy of the obama r. oeg administration, is that a good thing? joining me is vice president at merryll lynch and deutsche bank and now a wall street activist. and a former special inspector general in charge of overseeing the troubled asset relief program. great to you have here. >> thank you. >> geithner, one of the things i think is really interesting about geithner is that he -- you...
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thanking tim geithner there. lori: we also have rich edson i believe on site who will check in a little bit later throughout the afternoon. we can't to keep you aprized of other day's headlines. a rise in jobless claims. that of course raising new questions about when the job market will show real strong improvement. ftn financial economist lindsay piegza breaks it down with tracy byrnes and ashley webster next here on fox business. don't miss it ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ashley: good afternoon, everyone, i'm ashley webster. tracy: and i'm tracy byrnes. we have some breaking news. president obama task jack lew to be the new chief of treasury just in time for a critical battle over the national debt. he has one vocal critic in the senate
thanking tim geithner there. lori: we also have rich edson i believe on site who will check in a little bit later throughout the afternoon. we can't to keep you aprized of other day's headlines. a rise in jobless claims. that of course raising new questions about when the job market will show real strong improvement. ftn financial economist lindsay piegza breaks it down with tracy byrnes and ashley webster next here on fox business. don't miss it ♪ [ male announcer ] how do you make 70,000...
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but to depict the treasury secretary, generally speaking, it is a job that converts tim geithner will know what his politics were. wall street was comfortable with him. neil: layoffs were announced today with american express. >> well, look, it's the greatest thing the world that taxes will go up on 99% of the people. and spending will go unchecked. it's that our government. it's bad for our country long-term. that is exactly what we see, and you are seeing something similar act in 1824 when we had the jacksonians that they block whatever they were going to do. neil: there is something that touched her greatness. a greatness of the movie. hollywood sees this opportunity to do more of this type of stuff. is that true? >> more of what? >> one historical movies. neil: ben affleck was nominated for a movie he was an. >> in. >> yes, i think he has a career in movies. but not in politics. i think he is going to do well and do his next project. also don't forget that the director was snubbed for "zero dark thirty." neil: is that right? so hollywood could be reversing that. >> maybe they are
but to depict the treasury secretary, generally speaking, it is a job that converts tim geithner will know what his politics were. wall street was comfortable with him. neil: layoffs were announced today with american express. >> well, look, it's the greatest thing the world that taxes will go up on 99% of the people. and spending will go unchecked. it's that our government. it's bad for our country long-term. that is exactly what we see, and you are seeing something similar act in 1824...
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on this bill you have tim geithner's signature because he's the treasury secretary. if lew is the next treasury secretary? it's over one document after another. you can get a pretty close-up look at it. there it is. image that on your dollar bills. that's how it would look like. tim geithner decided to clean it up before he came up with his signature. >> make it look more official. looks like an 8th grade girl's signature. >> makes a lot of doctor's signatures look legible. >> doug luzader thank you very much. >>> we have extreme weather striking the south this morning. >> janice dean is following us this morning. she is live. >> a spring lime storm moving through texas, louisiana. this is in towards mississippi where we have another tornado warning south of alexandria seeing strong rotation across doppler radar. this could be rain wrapped so people may not see this coming. this is a dangerous situation. severe threat in and around where we see the tornado watch until noon local time. that will stretch into mississippi throughout the day today. flash flooding also. w
on this bill you have tim geithner's signature because he's the treasury secretary. if lew is the next treasury secretary? it's over one document after another. you can get a pretty close-up look at it. there it is. image that on your dollar bills. that's how it would look like. tim geithner decided to clean it up before he came up with his signature. >> make it look more official. looks like an 8th grade girl's signature. >> makes a lot of doctor's signatures look legible. >>...
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and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the announcement of a new chief of staff with jack lew's appointment today. >> so jack lew seems to have the nomination locked up. danny krugman is expected to be looked go ahead at for treasury secretary. >>> still, that's a subject for great discussion. now let's bring you up to speed with the action on today's global markets report. will i sixuan is with us. hi, sixuan. >> thank you, ross. that surprising number in trade data has helped beat sentiment in asia. the sensex index had a fresh 19-month high in trade before closing up .6%. airline stocks on upgrades. the shanghai composite finished in
and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the...
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when we began this fiscal slope, curve, cliff discussion, tim geithner was involved, there was a sense jack lew would be involved. they were marginalized towards the end, and as glenn mentions, vice president biden was the guy to sweep in at the last minute to make the deal. congressional republicans sound like they don't really want to work with him. is that a problem for the administration? >> yes and no. the administration has done this in the past, you bring in the heavy to close the deal. it's like when you're trying to discipline your children, don't wait till your father gets home, you can kind of keep jack lew in the background to bring in him. there's a view of having someone who's strong, lew is not a fist pounder. lew derives his authority and respect from the command of the issues, and i don't mean the command of the issues, i mean the command of the numbers. he can dig down, divide fractions in his head. that's why he's a danger and threat to some house republicans. this isn't meant to be negative about the house republicans. they don't simply have sort of the institutiona
when we began this fiscal slope, curve, cliff discussion, tim geithner was involved, there was a sense jack lew would be involved. they were marginalized towards the end, and as glenn mentions, vice president biden was the guy to sweep in at the last minute to make the deal. congressional republicans sound like they don't really want to work with him. is that a problem for the administration? >> yes and no. the administration has done this in the past, you bring in the heavy to close the...
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unlike tim geithner who never worked on capitol hill he has a sense how to get deals done in congress. secondly he comes from the liberal wing of the democratic party. i talked to him when i worked on my book about the budget, red ink, last year. he believes in the power of government. he is not going to be very sympatico with people like paul ryan who believe the whole role of the budget exercise is to shrink the government. three, he is realist, pragmatist. he understands if we don't do something to slow the growth of enlightment spending there won't be room to do all the things investment in infrastructure, all those things that matter a lot to the president and to jack lew himself. i suspect that he will be, spend nearly all his time on budget matters and he has a chance of being a deal-maker here, even though so far he hasn't been very successful in that. melissa: what does it mean in terms of the job the treasury secretary does? that if you are known to embrace, more liberal economic policies what would you expect practically to see him do? >> well, it's not the first time we ha
unlike tim geithner who never worked on capitol hill he has a sense how to get deals done in congress. secondly he comes from the liberal wing of the democratic party. i talked to him when i worked on my book about the budget, red ink, last year. he believes in the power of government. he is not going to be very sympatico with people like paul ryan who believe the whole role of the budget exercise is to shrink the government. three, he is realist, pragmatist. he understands if we don't do...
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. >> and when tim geithner was picked, having worked closely with hank paulson at the federal reserve bank during the crisis, people were comforted by that. they said, well, maybe he's not so liberal. well, as it happened, larry summers was an advocate of more stimulus than others in the administration. so you can't necessarily read that much. events are going to dictate, i think, whether this president adapts his own view necessary a way that people interpret it as going to the center or not. but for the moment, he knows where he is and where he wants to go. and he's picking somebody who can help them achieve his agenda. >> you know, the thing you point out, that this is a situation where business leaders probably wanted one of their own, they may argue they want somebody in there looking for pro growth policies. but maybe more important is somebody who was very familiar with the financial markets. that was somebody that tim geithner created a lot of confidence because he knew the markets so well, knew the underworkings. and when there were big issues, you knew there was somebody who
. >> and when tim geithner was picked, having worked closely with hank paulson at the federal reserve bank during the crisis, people were comforted by that. they said, well, maybe he's not so liberal. well, as it happened, larry summers was an advocate of more stimulus than others in the administration. so you can't necessarily read that much. events are going to dictate, i think, whether this president adapts his own view necessary a way that people interpret it as going to the center or...
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interesting how tim geithner in the book describes bob reuben. that will be a big wet kiss. >> good stuff, charlie. thank you so much. >> satellite operator dish launching a new dvr allowing subscribers to watch live tv from wherever their mobile device has connection. >> so happy about this one. we are live at the consumer electronics show with dish ceo joe clayton. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporang a business you'd like to start. or questions about pro
interesting how tim geithner in the book describes bob reuben. that will be a big wet kiss. >> good stuff, charlie. thank you so much. >> satellite operator dish launching a new dvr allowing subscribers to watch live tv from wherever their mobile device has connection. >> so happy about this one. we are live at the consumer electronics show with dish ceo joe clayton. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals,...
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>> it's somewhat refreshing but in a way tim geithner was not of wall street either. he was not someone who went to work for a citigroup which lew did. >> bill: he was there as -- government official. >> geithner worked as head of the new york federal reserve which oversees the banking system. did go to work with citigroup. >> bill: oh, that's right. >> a number of people recruited by bob ruben. that is not itself any kind of indictment but the question does rise does he reflect the same sort of very restrained view, if you will, of regulation of wall street that i think geithner and ruben have over the years. and that's what we're going to find out. i wanted to point out in my article that, in fact, a lot of these rules are really being fought over right now and there is a lot of agitation among people who do follow this on capitol hill about the too big to fail problem. the fact that these banks the five or six biggest banks are larger than they were -- they've taken over a lot of businesses from other banks that have failed. the rule which is supposed to restrain r
>> it's somewhat refreshing but in a way tim geithner was not of wall street either. he was not someone who went to work for a citigroup which lew did. >> bill: he was there as -- government official. >> geithner worked as head of the new york federal reserve which oversees the banking system. did go to work with citigroup. >> bill: oh, that's right. >> a number of people recruited by bob ruben. that is not itself any kind of indictment but the question does rise...
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succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know, may be a little affinity, we grew up in the same town. >> that alone could be good. >> different generation. >> maybe a technocrat is what's necessary. no one tells me this guy is acrimonious. the talks may have been. but when we're trying to figure out what to cut, maybe you just need a guy who knows his way around the budget as opposed to a federal reserve guy. i thought tim geithner did a great job, though, and i know i find myself in the minority on that, but he came to the rescue of the system in apparel husband time and i think he good a remarkable job. >> jack lew is well respected by both sides of the aisle
succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know, may be a little affinity, we grew up in the same town. >> that alone could be good....
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this was about rescuing the people that tim geithner and larry summers who spent their entire lives around. these are the people that -- these wall street companies who were about to all go under if they didn't get billions and billions of dollars tomorrow, and that's what -- >> the political argument that would come from the white house, you hear this a lot when you talk to them privately, and they say publicly to a degree is that all the problems aside with the bailout, they'll acknowledge that things didn't work well, that the mortgage rescue or leaf operations were really bad. that's one of the things that obama says is one of his big regrets of his first term, but putting all that aside, if you didn't prop up the system -- they were basically held hostage. if they didn't prop up the system in some form, all credit would sort of seize up and those start-ups that you would like to see would be even lower and that, yeah, we got into a mess where we're tied into this casino, crazy system, and if you -- but if you let it fall apart by not having these phony bailouts, it's even worse. i'm j
this was about rescuing the people that tim geithner and larry summers who spent their entire lives around. these are the people that -- these wall street companies who were about to all go under if they didn't get billions and billions of dollars tomorrow, and that's what -- >> the political argument that would come from the white house, you hear this a lot when you talk to them privately, and they say publicly to a degree is that all the problems aside with the bailout, they'll...
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and tim geithner to his credit did not repeat that lie. so he's got a lot of problems and i agree, larry, i don't understand why the president keeps putting up people who are not qualified for the job. not only is he not qualified, you've got chuck hagel who he's trying to sell as a great infantry man. i love nurses, but they shouldn't be the head of hhs. we need qualified people with credibility with the other side. >> this whole thing's sort of this insider liberalism. >> right. >> it seems to me, ari, that's basically what jack is. he's an insider liberal, he's going to take his marching orders. you know, this administration runs everything from the oval office and president obama's ideology, which is a left wing ideology. i don't happen to share it. he won the election, i get that, but you just can't convince me that a jack lew or chuck hagel are first class appointments. they're not. nobody's going to buy that. >> how much time do i get to respond to jennifer's points? >> you get about 40 seconds. >> look, i think briefly on senator h
and tim geithner to his credit did not repeat that lie. so he's got a lot of problems and i agree, larry, i don't understand why the president keeps putting up people who are not qualified for the job. not only is he not qualified, you've got chuck hagel who he's trying to sell as a great infantry man. i love nurses, but they shouldn't be the head of hhs. we need qualified people with credibility with the other side. >> this whole thing's sort of this insider liberalism. >> right....
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i'm told that tim geithner cleaned up the signature becoming treasury secretary. i have to say in all the issues of the country faces, what the signature of the next frsh ri secretary looks like is not one that keeps me awake at night. >> no, no. although easy to understand and why it's so viral this morning. >> it is amusing. >> thanks a lot. >> thank you, carl. >>> they invested in tumblr in 2007, twitter in '08 and twitter's new photo filter, spark capital invested in that company more than three years ago so how does spark know which start-ups are the winner? we'll talk to the founder and managing partner live after the break. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> as initial investors of hot start-ups seeks that spark capital has a knack for predicting the next big thing but after a rocky fac
i'm told that tim geithner cleaned up the signature becoming treasury secretary. i have to say in all the issues of the country faces, what the signature of the next frsh ri secretary looks like is not one that keeps me awake at night. >> no, no. although easy to understand and why it's so viral this morning. >> it is amusing. >> thanks a lot. >> thank you, carl. >>> they invested in tumblr in 2007, twitter in '08 and twitter's new photo filter, spark capital...
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. >> he is not tim geithner. geithner really did come from wall street and was a guy who was there to some degree to protect those institutions, and lew is not that. >> meanwhile, governor, we are not -- the person that in theory should be the most controversial, john brennan, the drone program, he took himself out of contention in 2008. nothing has been said about him. >> because he is low key and on the radar screen from the public, and it not one of the big three. >> might check in with rachel maddow. >> i was going to say, i also think it's because there's been an acquessence. >> the republicans like drones. >> bernie sanders is planting a flag in jack lew's -- >> he represents the entire left of the democratic party? >> one wing of the very progressive left. you are just moving it like a very far -- a tad -- i'm not saying anything against senators here on this show, but i think -- >> bernie is a greet graet guy, but it's a tiny little wing. it's probably a little fet zeesh fet other the wing. >> wow. feathe
. >> he is not tim geithner. geithner really did come from wall street and was a guy who was there to some degree to protect those institutions, and lew is not that. >> meanwhile, governor, we are not -- the person that in theory should be the most controversial, john brennan, the drone program, he took himself out of contention in 2008. nothing has been said about him. >> because he is low key and on the radar screen from the public, and it not one of the big three. >>...
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we're talking about jack lew who is certainly further to the left of tim geithner. mr. lew is a government lifer. and john kerry well to the left of hillary clinton who was also recorded as rather hawkish as a senator. now hilda solis is resigning. not sure what that means, but as the president's moving further to the left in his second term. not a centrist. let's bring back karen finney, columnist for the hill. guy benson, and mark simone. guy, i think these appointments, all three of them, particularly, particularly hagel at defense, show a move to the left. what's your take? >> sure, i mean, of course they do, the president's a lefty, that's who he is. and now that he never has to face voters again, i think we'll see his administration drift even further to the left. i do see the lew appointment at least as an opportunity for republicans to highlight the fact that we have not had a federal budget in almost four years. and it is 100% the fault of democrats. a lot of americans don't know that. at least give guys like that a chance to really beat that drum. and one othe
we're talking about jack lew who is certainly further to the left of tim geithner. mr. lew is a government lifer. and john kerry well to the left of hillary clinton who was also recorded as rather hawkish as a senator. now hilda solis is resigning. not sure what that means, but as the president's moving further to the left in his second term. not a centrist. let's bring back karen finney, columnist for the hill. guy benson, and mark simone. guy, i think these appointments, all three of them,...
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tim geithner getting ready to cash out. now we know who will replace him as treasury secretary. fox news confirming president obama is choosing jack lew. casey anthony lawyers will appeal today. anthony was found guilty of lying to detectives. >>steve: you might have said you liked it when you got it, but what do you do with all those christmas presents if you didn't really like them and don't really need them? don't feel bad because roughly 10% to 15 partly cloudy of all christmas gifts are taken back or exchanged. that adds up to nearly $88 billion worth of things. how can you turn your unwanted gifts into cash? we are joined by an expert, sandra smith. good morning to you. >> good morning. >>steve: for one reason or another we get stuff for christmas maybe we don't need. we've got four of those already. you've got a way you can make some money. >> you can open a closet and dedicate it to all those unwanted christmas gifts and use them throughout the year. maybe you get candles and soaps you may not want. however you may be going to a dinner party later in the year -- >>steve:
tim geithner getting ready to cash out. now we know who will replace him as treasury secretary. fox news confirming president obama is choosing jack lew. casey anthony lawyers will appeal today. anthony was found guilty of lying to detectives. >>steve: you might have said you liked it when you got it, but what do you do with all those christmas presents if you didn't really like them and don't really need them? don't feel bad because roughly 10% to 15 partly cloudy of all christmas gifts...
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. >> today the president will officially nominate jack lew for treasury secretary to replace tim geithner lew is federal budget expert and known to be a tough bargainer if confirmed by the senate, he would take the helm of the government may agency for economic and fiscal policy. just as we deal with the u.s. reaching its borrowing limit the debt ceiling. >> some republicans complained that he has been too unyielding in past this of negotiations. >> and big news regarding new mortgage rules being proposed james has more on that in a moment with more the consumer physical protection burn as rolled out new roles designed to ensure that mortgage borrowers can afford to repay the loans they take out. >> according to the rules, which take effect next year, lenders will be required to verify and inspect our financial records so and no more no doc loans out there. there will be prohibited from saddling world loan payments totaling more than 42 percent of the person's annual gross income. >> an interest only loans that helped inflate the housing bubble will be banned. >> still ahead on the kron 4
. >> today the president will officially nominate jack lew for treasury secretary to replace tim geithner lew is federal budget expert and known to be a tough bargainer if confirmed by the senate, he would take the helm of the government may agency for economic and fiscal policy. just as we deal with the u.s. reaching its borrowing limit the debt ceiling. >> some republicans complained that he has been too unyielding in past this of negotiations. >> and big news regarding new...
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how could that impact the man who is now nominated to succeed tim geithner? steve, good morning. >> thanks, carl. first of all, just to what you were talking about earlier, we understand geithner's going to hang out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals
how could that impact the man who is now nominated to succeed tim geithner? steve, good morning. >> thanks, carl. first of all, just to what you were talking about earlier, we understand geithner's going to hang out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about...
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. >>> also, treasury secretary tim geithner planning to leave later this month, sometime around the inauguration. >>> seven minutes past the hour. with heavy little hearts and under very heavy guard, classes have resumed for students at sandy hook elementary school. hit the books for the first time since the massacre three times. they were held in a school in nearby connecticut made to look like their old school. students were anxious to resume study. >> we took the bus. had the normal routine, getting them breakfast, getting backpacks packed and then we went out and waited for the bus. as soon as the bus came, they didn't look back. bye, guys. waved and ran on the bus. >> everybody worked so hard to make this as normal as possible for the kids. teachers and school administrators tried to make it as normal as possible. kids cubbies and desks moved intact. tried to recreate some of the rooms for them as well. just such an amazing effort. i wish them all well. >> there is word that former congresswoman gaby gifford may visit the newtown families today. the lieutenant governor said the visit is pla
. >>> also, treasury secretary tim geithner planning to leave later this month, sometime around the inauguration. >>> seven minutes past the hour. with heavy little hearts and under very heavy guard, classes have resumed for students at sandy hook elementary school. hit the books for the first time since the massacre three times. they were held in a school in nearby connecticut made to look like their old school. students were anxious to resume study. >> we took the bus....
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he would replace treasury secretary tim geithner. that announcement is set for 1:30 eastern today. c-span will have live coverage. all this week at 6 eastern here on c-span2 we're featuring past q&a programsment today it's supreme court justice antonin scalia on his book, "making your case: the art of persuading judges." it gives advice to lawyers. and then at 7 eastern, it's another q&a program, a conversation with neil barofsky. he's written a book called "bailout: an inside account of how washington abandoned main street while rescuing wall street." >> back in the heyday of the private student lending market, um, you saw a lot of families who weren't necessarily going to for-profit colleges. you know, their student was going to, say, a music school. i wrote an article about a gardener who sent his son to college, you know, the first in the family to go to college. he made about -- the dad made about $21,000 a year. that was family income. and he was able to borrow six figures from a private student lender for his son. and, i mean, there just was no underwriting. >> no sanity. >>
he would replace treasury secretary tim geithner. that announcement is set for 1:30 eastern today. c-span will have live coverage. all this week at 6 eastern here on c-span2 we're featuring past q&a programsment today it's supreme court justice antonin scalia on his book, "making your case: the art of persuading judges." it gives advice to lawyers. and then at 7 eastern, it's another q&a program, a conversation with neil barofsky. he's written a book called "bailout: an...
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. >> the treasury secretary, tim geithner cleaned up his signature. there is now a petition to keep ja jack's doodle. >> kind of like when your little kid draws hair on you. >> i can do better than that with this cast on. >> we're doing autographs of the these. >> mine impossible. you can't even -- >> that's pretty good. >> roker's is beautiful. >> come on! >> makes you want to be a weather person. >> here's me. >> nat callie, looks like you did that with a cast. >> i did. >> what does that say? >> corbin bernsen. >> the simple like french. [ elizabeth ] i like to drink orange juice or have lemon in my water... eat tomato sauce on my spaghetti. the acidic levels in some foods can cause acid erosion. the enamel starts to wear down. and you can't grow your enamel back. i was quite surprised, as only few as four exposures a day what that can do to you. it's quite a lesson learned. my dentist recommended that i use pronamel. because it helps to strengthen the enamel. he recommended that i use it every time i brush. you feel like there is something that yo
. >> the treasury secretary, tim geithner cleaned up his signature. there is now a petition to keep ja jack's doodle. >> kind of like when your little kid draws hair on you. >> i can do better than that with this cast on. >> we're doing autographs of the these. >> mine impossible. you can't even -- >> that's pretty good. >> roker's is beautiful. >> come on! >> makes you want to be a weather person. >> here's me. >> nat callie,...
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. >> this week news broke that treasury secretary tim geithner is going to leave possibly by the end of the month, which means ahead of all of the debt ceiling talks. do you think that would hurt the economy if he's not there to be the one to help sort of, i don't know, keep everything on balance? >> i do worry a little bit about this. there's no clear person who would have been named if he's leaving at the end of the month. the name tossed around most commonly is jack lew. but he's not a clear candidate yet at least. secretary geithner has been very instrumental in talking to the congress for the last couple years about the budget and about the debt ceiling. he was very involved in 2011. he's obviously been very involved the last couple of months. if he leaves, i think we could -- it really depends who takes over for him. but i think we're -- i think we're looking at a lot of big issues to face before march and so it's really going to come down to who that person is that takes over. >> yeah, certainly. have to talk a little bit of football because we always talk about the commercial
. >> this week news broke that treasury secretary tim geithner is going to leave possibly by the end of the month, which means ahead of all of the debt ceiling talks. do you think that would hurt the economy if he's not there to be the one to help sort of, i don't know, keep everything on balance? >> i do worry a little bit about this. there's no clear person who would have been named if he's leaving at the end of the month. the name tossed around most commonly is jack lew. but he's...